Replies to post #114113 on Simple's Green Room

[simplegreen]

GM guys..the answer as to why I set fibs where I did is "Simple"(LOL)..I set most major fibs on an H4 chart and they are always set to most recent swing high/low...in the example of the N/U chart I set fibs from jan 23 high to jan 28 low..IOW I didnt just randomly select two swings..just the most recent ones...and those fibs have not been reset since.Once fibs are set on H4 or daily they are valid for months on end.Even 6 or 8 months down the road the market will "remember" those levels so theres no reason to reset them.Once breakout occurs from tha box a duplicate needs to be added in the direction of the break but old fib set needs to remain.If confused about which is which if you zoom in then color code the boxes..or if its necessary to add a fibset WITHIN the current fibs you should color code the inner set.I often add a fib set between the 38.2 and zero line or between 61.8 line and 100% so color coding eliminates confusion if I zoom in to M5 or M15.
As far as being a clever thing to change the code back to its default and then the HA was perfect...thats not clever but dumb luck!(LOL)...when I reached that stage it was imperative that I change the code back to default but in so doing I had the pleasant surprise of my project being completed to perfection when I moved back to the chart.
Heres the H4 NZD/USD chart one more time but this time with our new toy in it..I set fibs on the heikin ashi candle set just like I had them in the regular chart.I also like SMA50 so I put that in the HA and after that decided to add SMA20 to both charts.
Will take a look at the beast but doubt I can shed much light on the yen crosses and what can be expected...they arent really trading with any sensibility except for occasional dips that just turn even higher soon.They ALL should have massive downside corrections to be trading sensibly.Theyve gone wayyyy up so a correction needs to be wayyyyy down!